Press Releases

Wabtec Corporation is working to advance the electrification of vessels by participating in the HYPOBATT (Hyper powered vessel battery charging system) project. The HYPOBATT project, part of the EU-wide Horizon initiative, is focused on developing a megawatt-charging standard and infrastructure for ferries in European ports.

PITTSBURGH, November 16, 2022 – Wabtec Corporation announced today a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. Super Metal is one of the leading Brazilian companies in the maintenance of way segment of the rail industry.

PITTSBURGH, Nov. 16, 2022 — The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $25,000 to support local relief efforts in Florida following Hurricanes Ian and Nicole. The donation is being made to the Red Cross.

PITTSBURGH, November 1, 2022 – Wabtec Corporation (NYSE: WAB) today reported third quarter 2022 GAAP earnings per diluted share of $0.88, up 27.5% versus the third quarter of 2021. Adjusted earnings per diluted share were $1.22, up 7.0% versus the same quarter a year ago. Third quarter sales were $2.08 billion, and cash from operations was $204 million.

Wabtec Corporation announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on November 28, 2022 to holders of record on November 14, 2022.

Wabtec Corporation will highlight its portfolio of integrated mining systems at Bauma, the world's leading trade show for construction machinery, building material machines, mining machines, construction vehicles and equipment, held in Munich, Germany, from October 24-30. The company will showcase how its solutions are advancing electrification and sustainability for the mining industry.

Wabtec Corporation has signed a contract with Akiem, a leading European rolling stock leasing company, to provide maintenance of critical equipment for locomotive fleets in Europe. The major agreement, which runs for the next five years, covers brake components, pantographs and HVAC for the company’s PRIMA and TRAXX fleets in France and Germany and is intended to maximize asset availability to the operator’s customers.

Wabtec Corporation (NYSE: WAB) announced it will report 2022 third quarter results before the U.S. financial markets open on November 1, 2022. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day.

PITTSBURGH, Sept. 20, 2022 — Wabtec (NYSE: WAB) and Kazakhstan Temir Zholy (KTZ) signed a historic memorandum of understanding (MOU) for 150 FLXdriveTM battery-electric shunters and modernization work to transform the mainline fleet into NextFuelTM liquid natural gas-powered (LNG) locomotives. The investment marks the largest sustainable technology agreement by the CIS railroad, and will further revolutionize KTZ’s mainline and yard operations, while significantly reducing greenhouse gas emissions and operating costs.

Wabtec Corporation has won an order to supply 300 half-height platform screen doors across Metro de Panama’s L3 monorail stations being built by Hitachi Rail, as part of the Grupo de Empresas Sunrise Monorail. It marks Wabtec’s first project in Central America.

Wabtec Corporation announced today that it signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.

Wabtec Corporation has opened its first Transit Performance Optimization Center (TPOC) for Europe. The new center, located in Derby UK, was created to help transit sector customers improve the operational performance and reduce service costs and lost productivity through real-time monitoring and analytics.

PITTSBURGH, April 27, 2022 – Wabtec Corporation (NYSE: WAB) today reported first quarter 2022 GAAP earnings per diluted share of $0.80, up 35.6% versus the first quarter of 2021. Adjusted earnings per diluted share were $1.13, up 27.0% versus the same quarter a year ago. First quarter sales were $1.93 billion and cash from operations was $161 million.

Wabtec is expanding its collaboration with the Foundation for Excellence (FFE) to provide 240 economically challenged and academically bright students with Engineering Education Scholarships in India.

Union Pacific has signed a historic deal with Wabtec Corporation for 600 locomotive modernizations featuring a suite of digital solutions and innovations. The agreement, worth more than $1 billion, is the largest investment in modernized locomotives in rail industry history, and part of Union Pacific’s fleet strategy to move more freight efficiently and sustainably across its service territory.